North Star Asset Management Inc. Has $5.76 Million Position in United Parcel Service, Inc. (UPS)

North Star Asset Management Inc. increased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.8% in the third quarter, Holdings Channel reports. The firm owned 49,322 shares of the transportation company’s stock after buying an additional 895 shares during the period. North Star Asset Management Inc.’s holdings in United Parcel Service were worth $5,758,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Parnassus Investments CA lifted its stake in shares of United Parcel Service by 0.8% during the 2nd quarter. Parnassus Investments CA now owns 6,839,746 shares of the transportation company’s stock worth $726,586,000 after purchasing an additional 56,443 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of United Parcel Service by 2.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 4,309,401 shares of the transportation company’s stock worth $457,788,000 after purchasing an additional 121,264 shares during the last quarter. Vulcan Value Partners LLC purchased a new stake in shares of United Parcel Service during the 2nd quarter worth $308,056,000. FineMark National Bank & Trust lifted its stake in shares of United Parcel Service by 6.2% during the 2nd quarter. FineMark National Bank & Trust now owns 2,840,715 shares of the transportation company’s stock worth $301,769,000 after purchasing an additional 165,571 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in shares of United Parcel Service by 2.8% during the 2nd quarter. Janus Henderson Group PLC now owns 2,328,216 shares of the transportation company’s stock worth $247,329,000 after purchasing an additional 62,331 shares during the last quarter. Hedge funds and other institutional investors own 53.90% of the company’s stock.

Shares of UPS stock opened at $107.07 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 1.21 and a debt-to-equity ratio of 6.43. The stock has a market capitalization of $90.60 billion, a PE ratio of 17.82, a PEG ratio of 1.57 and a beta of 1.16. United Parcel Service, Inc. has a fifty-two week low of $101.45 and a fifty-two week high of $135.53.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Wednesday, October 24th. The transportation company reported $1.82 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.82. The business had revenue of $17.44 billion for the quarter, compared to analyst estimates of $17.48 billion. United Parcel Service had a return on equity of 307.54% and a net margin of 7.68%. The company’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.45 earnings per share. Research analysts anticipate that United Parcel Service, Inc. will post 7.23 EPS for the current year.

A number of equities research analysts recently weighed in on UPS shares. UBS Group upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $125.00 price objective for the company in a research note on Monday, July 16th. Goldman Sachs Group set a $139.00 target price on United Parcel Service and gave the company a “buy” rating in a research report on Wednesday, July 25th. Zacks Investment Research raised United Parcel Service from a “hold” rating to a “buy” rating and set a $126.00 target price on the stock in a research report on Tuesday, July 24th. Citigroup reduced their target price on United Parcel Service from $134.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, October 25th. Finally, Cowen reaffirmed a “hold” rating and set a $128.00 target price on shares of United Parcel Service in a research report on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $125.52.

In other news, insider George Willis sold 4,312 shares of the stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $121.34, for a total value of $523,218.08. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO James J. Barber sold 2,500 shares of the stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $121.94, for a total value of $304,850.00. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by corporate insiders.

About United Parcel Service

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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